11:38 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with details throughout.)

Carlyle Group ( CG ) is mulling a sale of its StandardAero unit that could value the company at around $10 billion, including debt, among other strategic options for the business, Reuters reported Thursday, citing people familiar with the matter.

The private-equity firm is in initial phases of considering options for the US aircraft maintenance services provider, the unnamed sources told the news agency, adding that Carlyle is working on selecting advisers to lead the review process.

The firm is also contemplating a possible initial public offering for StandardAero, Reuters reported, citing one of the sources.

Carlyle declined to comment, while a StandardAero spokesperson didn't immediately reply to a request for comment, according to the report.

Carlyle and StandardAero didn't immediately respond to MT Newswires' requests for comment.

Carlyle shares were up 1.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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